Capitolis, the leading SaaS platform that drives financial resource optimization for capital markets, today announced an agreement with Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, to enable access to Capitolis’ next-generation suite of optimization products through Refinitiv’s Trade Notification platform.

The partnership will allow leading financial institutions that leverage Capitolis’ revolutionary, proprietary technology platform to streamline their processing of FX instruments including options, swaps, forwards, and Non-Deliverable Forwards (NDFs) through a seamless connection to Refinitiv’s infrastructure for post-trade services, enabling market participants to collaborate to achieve new operational, cost, speed, and scale efficiencies.

Capitolis enables firms to optimize their balance sheet exposures through collaborative technology by eliminating unnecessary positions and finding the most suitable party to hold the remaining positions. To date, Capitolis has eliminated more than $9 trillion in overall positions for more than 75 financial institutions, including many of the world’s largest banks, as well as leading hedge funds and asset managers.

Capitolis chose Refinitiv’s Trade Notification platform given its position as the leading network connecting participants in the FX market including trading venues, brokers, liquidity providers, ECNs, and banks with guaranteed delivery. Refinitiv’s Trade Notification platform offers an unparalleled geographic reach and a client-centric model geared towards fast integration.

Dean Berry, Group Head of Trading and Banking Solutions for Refinitiv, commented:

“This partnership expands the functionality of Refinitiv’s trade reporting tools, enabling greater transparency and helping to foster a smarter marketplace for all participants.

At Refinitiv, we are always open to collaboration and pleased to welcome new publishers on our network such as Capitolis, whose collaborative platform is changing the ways in which financial institutions optimize their balance sheet exposure. Our focus is to serve our community on STP and increasingly in other initiatives such as this one, which add value to our clients.”